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Summary The dollar surged last week. It will likely rise further, but may consolidate as interest rates stabilize. Sterling was pummeled to $1.0860. Its biggest drop (~3.5%) was recorded in reaction to the new government's fiscal package. The Swedish krona was the poorest perf...
Summary The dollar has recorded new two-year highs against the dollar bloc and Chinese yuan. Sterling was sent to new lows since 1985. Asia-Pacific bourses were a sea of red for the sixth decline in the regional benchmark in the past seven sessions. Europe’s STOXX 6...
Summary Yesterday’s late rally in US shares carried into the Asia Pacific session where all of the large markets advanced. The Riksbank delivered a 100-bp hike today to 1.75%. Most economists had expected a 75 bp move, while the swaps markets saw the risk of a larger move. ...
The Canadian dollar, albeit proving relatively resilient to a strengthening U.S. dollar so far, is set to weaken against the greenback as the country's debt issue prompts the Bank of Canada to struggle keeping up with Federal Reserve interest-rate increases. “There is nothing...
Summary US Treasuries have not traded in cash market, while the December futures point to a couple basis points higher yield. The Australian dollar initially rose edged above the pre-weekend high to almost $0.6735 before sellers emerged that pushed it below $0.6680. Weakness i...
Summary Only the Russian rouble and Peruvian sol in the emerging market space gained against the dollar. The euro was turned back from almost $1.02 at the start of the week, and the US CPI drove it below $1.00. Sterling posted a big outside down day on the back of the US CPI a...
Summary The dollar is well bid. It has risen to new two-year highs against the dollar bloc and Chinese yuan. The Fed is, depending on where you are, either the hero or the villain of the bullish dollar narrative. The series of mostly disappointing US economic data prompted the...
Summary Outlook on future BoC interest rate hikes. Outlook on Canadian economic growth in Q3. Impact of rate hikes on household consumption and debt. The Bank of Canada has been aggressively hiking rates to battle inflation. Andrew Kelvin, Chief Canada Strate...
Summary The firmer-than-expected US CPI sent off a major reversal of the recent price action. It is a two-pronged issue. The euro extended yesterday's sell-off by 10-15 ticks to almost $0.9955 before finding new bids. The US dollar posted an outside up day against the Canadian...
Summary Japan is the only G7 central bank that is still pursuing quantitative easing and is the only G7 country that is projected to record a larger fiscal deficit than in 2021. The International Labor Organization says that UK unemployment unexpectedly fell to 3.6% in the three m...
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2024-07-21 21:14:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-01 12:32:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-11 19:52:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...